After selling completely out 8 months ago I'm back in after this announcement, not because I think financing is a sure thing, but because I believe there is more upside from this price point than the reverse.
Some sort of financial support from LG going forward will be very reassuring. Even though the offtake is for MSP, sulphates could still be on the cards down the track, time will tell. But interestingly by going down MSP option the capex will be reduced, by how much I don't know. Was this a factor in making a decision to go down the path of MSP? Was it to lower CAPEX to get a commitment from LG and other financial institutions? Time will also tell.
At this price it was worth another punt. GLTA
Ann: Binding offtake agreement signed with LG Energy Solution, page-522
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| Open | High | Low | Value | Volume |
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